St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-23
1EE COMMERCIAL RECORD.
On the Chicago Board Of Trade all the
Markets Opened Quiet and
Featureless.
Hay Pork Was Fraction Higher 0w-
ing to the Light Receipts
of Hogs.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special TO the Globe.

CHICAGO. Dec. Z2.-1ne gram AaIASto
opened tame and started down. Cables were
strong, and moderate inquiry for foreign
account here and at the seaboard is reported.
The sentiment of the trade seems to be that
the market will be dragging for a time, a
state not in harmony with an advancing
speculative movement, and the opinion pre-
walls that if values change at all the variation
will be in the direction of lower level. The
market in its present phase is distinctvely a
scalpers' market" and a narrow one at
that The early fluctuations to-day did not
possess especial significance. May wheat
ranged S4ls@S414c, and May corn $3.50
5414c during the first hour, with only light
trade doing There was more life to prov1s-
ions Receipts of live hogs at the yards were
only 1t. 600 and the market started in BOOM
ing with May pork quoted at S15.7O, May
lard at $500, ana March ribs at
S792L2. The pressure was put on
at once and prices worked down, pork
going 10 S15.57l2; lard to SS.12I2 and rlbs
to $3.50. The foreign houses were large
buyers of product all the morning, but the
leading local traders are with the majority
of the packers on the bear side of the deal.
The privilege traders had the wheat mar
ket to-day. Privilege trading has been abol-
ished, but transactions in north sides and
large aggregate every afternoon. The price
did not stay above 3 I4c more than five min
utes. however. as e.rtain brokers jumped on
the markst With 10Th feet and smashed it to
Sac and below. Thereafter the prices laid
where they belonged, f1uctuating istlessly
between Sic and S414c until nearly O'Clock,
when it rushed up to 8il2c by heavy buying
of Que house Outside news and outside in
fiuence were bullish, and if left to itself the
local market would probably have gone
somewhat higher. AS it was
THE DEMAND WAS TOO LIGHT
to lift the market out of the rut. 1t is of
retail as well as holiday character, remarked
the funny man Of the pit. The crowds
about the door have much to talk about
these DAYS. The speculations in corn are
pretty well evened up. The leading bulls,
who have been standing for two or three
weeks on large lines, and the leading bears,
who have been facing them mutually agreed
TO quit, and yesterday and TO-DAY they were
sliding out of street trades. This process was
carried out with little or no disturbance,
andif the programme had been prearranged
it would have left less excitement The
trade is left in the same position as though
the big traders had not hazarded those last
risks. May corn ranged from 53s4954Ac.
1QGTO Is SOOQ Qcdl VI AOuhC9
work. going on il the provision crowd.
The pit is usually crowded and the funny
fellows try to furnish amusement for the
spectators Between trade they sing and
carry on generally. Toward the close of the
session Wright & Bloom varied the enter
tainment by bluffing at each other, first try
ing to nerve themselves up to betting on the
market and ending by Tipping coins for
$780, Bloom won and promptly donated the
amount to the Foundlings' home. What in
fluence the flip is to have on the future
course of prices has not yet TRANSFERRED. The
O'Clock range of quotations mark gain Of
lac in wheat, loss of 14c in corn, a loss Of
1Oc in pork and sc in lard and ribs.
THE ROUTINE REPORT.
CHICAGO. Dec. 22-All the markets on
'change opened quiet and featureless this
morning. Nav pork was fraction higher at
$50 on light receipts of hogs. Under
heavy selling it quickly dropped to 15.57l2;
The provision market continued lteless all
through the day. May wheat opened at
S314c, eased off to S4lsc, and on heavy buy
edition of wheat; May opened at 5414c, sold
down to 53S4c, but for the greater part OF the
time held steady around sac.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-NO. 2 January opened at !7lac,
closing at 775sc; February, 777sc. closing at
TSl2c, March, 7Sl2c. closing at 791sc; May,
S4I4c, closing at S4SIc. Corn-No. 2 Janu-
arv opened at 4Ss4c, closing at 4S7sc; Feb
ruary,, 49c closing at 49Ac; May, 54Ac,
closing at 54l4c. Oats-No. January opened
at 3Os4c. closing at 30slc: February. 30s4c,
closed at 3O84c; May. 33s4c, closing at
3334c Mess Pork. per bbl-January opened
at SIS. closing at Sl4.95; May, S15.70, clos
ing at SI5. 62l2. Lard, per 100 lbs-January
opened at SITE, closing at S7.71l2; Feb
r1arv, S7.S7I2. closing at S7.S7l2; May,
SIS. 90, closing at Ssh. Short Ribs. per
100 lbs-January opened at $40, closing
at S7.67I3; February, S7.77l2, closing at
S7.77l2; March, S7.92l2, closing at S7.S7l2 !;
May, SS.O7l2, closing at Se:07l2.
Cash quotations were as follows: Flour
quiet and steady; prices nominally I'M
changed. Wheat-No. 2. spring 1850 7lsc /;
No. spring, 66L2@67l2c; No. red, 7S12c.
Corn-No 2, 4Sssc. Oats-No. 2, 30s4c. Rye
No. 2, 62c Barley-No. 2, 70@76c. Flax
Seed-No. l, SIPS. Prime timothy seed,
So. 32@2. SO. Mess pork, per Dbl, $14. 75@
Is Lard, per 100 lbs, S7.75. Short rib
sides (loose), S7.65@7.70. Dry sailed shout
ders. boxed, S5.90@6. Short clear sides,
boxed, SS@S.O5. whisky distillers finished
goods, per gallon, 81 10. Sugar-Cut loaf.
Tss@SAe; granulated, z 1-5c: standard "a. F."
&c Receipts-Flour 27,0OO bbls; wheat,
$4,000 bu; corn, 12O, 900 bu; oats, $4,000
bu; rye, 1000 bu: barley, $4,000 bu.
Shipments-Flour. $4,000 bbls; wheat %, :
600 bu: corn, 15S, 900 bu: oats 10000 bu;
rye 5000 bu; barley, 1900 bu. On the
produce exchange to-day the butter market
was quiet; extra creamery, 2S@30c; fancy
dairy 04M06p Eggs 2lM23c